Latest Virginia Heritage Bk (VGBK) Headlines
Virginia Heritage Bank Reports Continued Profits for 2013 and Expansion for 2014
Business Wire - Fri Jan 24, 5:00AM CST
Virginia Heritage Bank (OTCBB: VGBK), announced quarterly earnings of $2.5 million after taxes, or $0.40 per share (basic) and $0.39 per share (diluted), for the quarter ended December 31, 2013. This is a 38% increase compared to earnings of $1.8 million after taxes, or $0.40 per share (basic) and $0.39 per share (diluted), for the same period a year ago. For the year ended December 31, 2013, earnings were $9.0 million after taxes, or $1.70 per share (basic) and $1.65 per share (diluted) versus $7.6 million after taxes, or $1.70 per share (basic) and $1.68 per share (diluted), in 2012.
Virginia Heritage Bank Announces Results for the Third Quarter 2013
Business Wire - Fri Oct 25, 5:00AM CDT
Virginia Heritage Bank (OTCBB: VGBK), announced quarterly earnings of $2.0 million after taxes, or $0.33 per share (basic) and $0.32 per share (diluted), for the period ended September 30, 2013. This is a 15% decrease compared to earnings of $2.3 million after taxes, or $0.53 per share (basic and diluted), for the same period a year ago. On a year-to-date basis, earnings were $6.5 million after taxes, or $1.30 per share (basic) and $1.26 per share (diluted) through September 30, 2013 versus $5.9 million after taxes, or $1.30 per share (basic) and $1.29 per share (diluted), in 2012.
Virginia Heritage Bank appoints Alan G Drewer as chief real estate lending officer
M2 - Tue Sep 17, 6:22AM CDT
Virginia Heritage Bank (OTCBB:VGBK), a commercial bank, revealed on Monday that Alan G. Drewer joined as its chief real estate lending officer and will report to chairman and chief executive officer, David Summers.
Virginia Heritage Bank Hires Alan G. Drewer
Business Wire - Mon Sep 16, 4:55PM CDT
Virginia Heritage Bank (OTCBB: VGBK), recently announced Alan G. Drewer joined their company and will serve as Chief Real Estate Lending Officer. Mr. Drewer will report to David Summers, Chairman and CEO, and be responsible for real estate lending to the local business community with a special emphasis on commercial and residential construction financing. He will work out of their Tysons Corner main office and have a market responsibility within the Washington, DC, metro area.
Freedom Bank names Laura Powell as SVP of Corporate Banking Division
M2 - Thu Aug 08, 3:02AM CDT
Local community bank Freedom Bank of Virginia (Bulletin Board:FDVA.OB) on Wednesday named Laura L Powell as senior vice president (SVP) of Corporate Banking Division, based in its Fairfax office.
Commercial Banker Laura Powell Joins Freedom Bank
Business Wire - Wed Aug 07, 3:00PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Laura L. Powell as Senior Vice President, Corporate Banking Division. Ms. Powell will be based in the Fairfax office and joins Freedom Bank from Virginia Heritage Bank, Tysons Corner, Virginia where she was a Real Estate Loan Officer. Prior to Virginia Heritage Bank, Ms. Powell was employed with United Bank as Vice President and Branch Manager of the Bank's Fairfax City office.
Virginia Heritage Bank Announces Earnings for the Second Quarter 2013
Business Wire - Fri Jul 26, 5:00AM CDT
Virginia Heritage Bank (OTCBB: VGBK), announced quarterly earnings of $2.5 million after taxes, or $0.55 per share (basic) and $0.54 per share (diluted), for the period ended June 30, 2013. This is a 29% increase over earnings of $1.9 million after taxes, or $0.44 per share (basic and diluted), from the same period a year ago. On a year-to-date basis, earnings were $4.5 million after taxes, or $1.01 per share (basic) and $0.98 per share (diluted) through June 30, 2013 versus $3.3 million after taxes, or $0.76 per share (basic and diluted) in 2012.
Virginia Heritage Bank's underwriters exercise their over-allotment option for 217,500 common stock
M2 - Thu Jul 04, 6:54AM CDT
A commercial bank, Virginia Heritage Bank (OTCBB:VGBK) stated on Wednesday that the underwriters fully exercised their option and purchased additional 217,500 shares of common stock from it, in the public offering of its 1,450,000 shares of common stock that closed on 21 June 2013.
Virginia Heritage Bank Announces Underwriter's Exercise of Over-Allotment Option
Business Wire - Wed Jul 03, 9:34AM CDT
Virginia Heritage Bank (the "Bank") (OTCBB: VGBK), announced today that in connection with its previously announced underwritten public offering of 1,450,000 shares of its common stock that closed on June 21, 2013, the underwriter exercised in full its option to purchase an additional 217,500 shares of common stock from the Bank. The Bank expects to receive aggregate net proceeds from the sale of the additional shares of approximately $2.9 million after deducting the underwriting discount, bringing the total net proceeds to the Company from the offering to approximately $22.0 million. The Bank expects to use the net proceeds of the offering for general corporate purposes, including the funding of organic loan growth, investment in securities and the potential pursuit of strategic acquisition opportunities.
Virginia Heritage Bank closes public offering
M2 - Mon Jun 24, 10:27AM CDT
A commercial bank, Virginia Heritage Bank (OTCBB:VGBK) closed its underwritten public offering of 1,450,000 shares of common stock at a price of USD14.25 per share, it stated on Friday.
Virginia Heritage Bank Announces Closing of Common Stock Offering
Business Wire - Fri Jun 21, 2:19PM CDT
Virginia Heritage Bank (OTCBB: VGBK), announced today the closing of its underwritten public offering of 1,450,000 shares of its common stock at a price to the public of $14.25 per share, for aggregate gross proceeds of approximately $20.7 million. The net proceeds to the Bank after deducting the underwriting discount and estimated offering expenses are expected to be approximately $19.1 million. The Bank expects to use the net proceeds of the offering for general corporate purposes, including the funding of organic loan growth, investment in securities and the potential pursuit of strategic acquisition opportunities.
Virginia Heritage Bank Announces Pricing of Common Stock Offering
Business Wire - Wed Jun 19, 5:00AM CDT
Virginia Heritage Bank (OTCBB: VGBK) announced today that it has priced its underwritten public offering of 1,450,000 shares of its common stock at a price to the public of $14.25 per share, for gross proceeds of $20.7 million. The net proceeds to the Bank after deducting the underwriting discount and estimated offering expenses are expected to be approximately $19.1 million. The Bank expects to use the net proceeds of the offering for general corporate purposes, including the funding of organic loan growth, investment in securities and the potential pursuit of strategic acquisition opportunities.
Virginia Heritage Bank commences public offering of USD1.5m common stock
M2 - Thu Jun 06, 5:38AM CDT
Virginia Heritage Bank (OTCQB:VGBK), a commercial bank, began a public offering of 1,450,000 shares of its common stock through a firm commitment underwriting, it said on Wednesday.
Virginia Heritage Bank Announces Commencement of Common Stock Offering
Business Wire - Wed Jun 05, 3:00PM CDT
Virginia Heritage Bank (OTCQB: VGBK), announced today that it has commenced a public offering of 1,450,000 shares of its common stock through a firm commitment underwriting. Sandler O'Neill + Partners, L.P. will be the sole underwriter for the offering. The Bank intends to grant the underwriter an option to purchase up to an additional 15% of the common stock sold to cover over-allotments, if any.
Virginia Heritage Bank Sponsors the 2nd Annual Chantilly Day Event
PRWeb - Thu May 09, 12:18PM CDT
Virginia Heritage Bank, along with their Mortgage division, had two tables at the event and enjoyed talking with people from around the community about products and services. Fun VHB giveaways included backscratchers, a crowd favorite.
Virginia Heritage Bank Sponsors and Attends LAWS Casino for A Cause
PRWeb - Tue Apr 30, 3:35PM CDT
David Summers, CEO of Virginia Heritage Bank, along with bank colleagues, friends, and customers represented VHB by filling a table of eight and enjoying a night filled with casino games, auctions and prizes. The fundraiser provided insight for what the LAWS staff and volunteers have accomplished in the Loudoun County area and how the community can help. Loudoun Abused Women's Shelter (LAWS) - http://lcsj.org/, also known as Loudoun Citizens for Social Justice, is a private nonprofit in Loudoun County, Virginia. LAWS seeks to empower survivors of interpersonal violence so that they may live lives free from fear, anxiety, and danger. Casino for a Cause proceeds go towards providing shelter, counseling, advocacy, and legal assistance to women and children who are victims of domestic violence, sexual assault, and child abuse. Virginia Heritage Bank, headquartered in Tysons Corner, with total assets of $804 million, serves Northern Virginia and surrounding communities with branches in Chantilly, Dulles Town
Virginia Heritage Bank Announces Results for the First Quarter 2013
Business Wire - Fri Apr 26, 5:00AM CDT
Virginia Heritage Bank (OTCQB: VGBK), reported net income after taxes of $2.0 million in the first quarter of 2013, compared to $1.4 million for the same period in 2012. The increase in net income for the quarter ended March 31, 2013 was due primarily to an increase in net interest income and, to a lesser extent, an increase in noninterest income. Net interest income increased $1.3 million due primarily to strong balance sheet growth. Noninterest income, which consisted primarily of gains on sales of originated mortgage loans and securities, increased $709 thousand as a result of increased sales volume. Noninterest expense increased $1.4 million in the first quarter of 2013 compared to the prior year quarter. This increase was primarily due to increased personnel expenses. Net income available to common shareholders was $0.46 per share for the first quarter of 2013 (basic) and $0.45 per share (diluted), compared to $0
Virginia Heritage Bank Attends the 8th Annual Veteran's in Business Conference
PRWeb - Thu Mar 28, 12:05PM CDT
Bank representatives, Blair Horne and Pam Phillips, worked a table at the event and joined attendees in listening to keynote speakers: Congressman Gerry Connolly; Andre Gudger, Director of the Office of Small Business Programs, Office of the Under Secretary of Defense; Bridget Bean, Director at the Washington District Office; and US SBA Delegate, Richard Anderson. In between speakers, there were a number of workshops where attendees could "Ask the Experts" questions and network with other businesses.
Virginia Heritage Bank Is Exhibitor in U.S. DOT Small Business Day
PRWeb - Fri Feb 15, 12:03PM CST
VHB representatives, Blair Horne and Pam Phillips, were in attendance and had a Virginia Heritage Bank booth at the U.S. DOT Small Business Day: MAPing Your Small Business Opportunities with DOT, hosted by the U.S. DOT Office of Small and Disadvantaged Business Utilization (OSDBU) - http://www.osdbu.dot.gov/. Secretary LaHood and key DOT leadership provided an overview of the recently approved Moving Ahead for Progress (MAP 21) bill, and the potential opportunities that it brings to the small business community. The event also focused on providing information on the latest DOT Small Business initiatives, and gave event attendees an opportunity to network with Federal Agencies, State and Local transportation representatives, and prime contractors.
Virginia Heritage Bank Announces Record Results for the Fourth Quarter and Year Ended 2012
Business Wire - Fri Jan 25, 5:00AM CST
Virginia Heritage Bank (OTCQB: VGBK), reported net income after taxes of $1.8 million in the fourth quarter of 2012, compared to $1.7 million for the same period in 2011. The increase in net income for the quarter ended December 31, 2012 was due primarily to an increase in non-interest income and, to a lesser extent, an increase in net interest income. Non-interest income, which consisted primarily of gains on sales of originated mortgage loans and securities, increased $2.3 million as a result of increased sales volume. Non-interest expense increased $3.4 million in the 4th quarter of 2012 compared to the prior year quarter was due primarily to expenses relating to the aforementioned mortgage origination activity ($1.4 million) and the one-time charge of approximately $1.0 million representing the settlement of a claim by the U.S. Bankruptcy Trustee for a former loan customer of the Bank. The Bank vigorously defended
Virginia Heritage Bank Reports Continued Profits for 2013 and Expansion for 2014
Business Wire - Fri Jan 24, 5:00AM CST
Virginia Heritage Bank (OTCBB: VGBK), announced quarterly earnings of $2.5 million after taxes, or $0.40 per share (basic) and $0.39 per share (diluted), for the quarter ended December 31, 2013. This is a 38% increase compared to earnings of $1.8 million after taxes, or $0.40 per share (basic) and $0.39 per share (diluted), for the same period a year ago. For the year ended December 31, 2013, earnings were $9.0 million after taxes, or $1.70 per share (basic) and $1.65 per share (diluted) versus $7.6 million after taxes, or $1.70 per share (basic) and $1.68 per share (diluted), in 2012.
Virginia Heritage Bank Announces Results for the Third Quarter 2013
Business Wire - Fri Oct 25, 5:00AM CDT
Virginia Heritage Bank (OTCBB: VGBK), announced quarterly earnings of $2.0 million after taxes, or $0.33 per share (basic) and $0.32 per share (diluted), for the period ended September 30, 2013. This is a 15% decrease compared to earnings of $2.3 million after taxes, or $0.53 per share (basic and diluted), for the same period a year ago. On a year-to-date basis, earnings were $6.5 million after taxes, or $1.30 per share (basic) and $1.26 per share (diluted) through September 30, 2013 versus $5.9 million after taxes, or $1.30 per share (basic) and $1.29 per share (diluted), in 2012.
Virginia Heritage Bank appoints Alan G Drewer as chief real estate lending officer
M2 - Tue Sep 17, 6:22AM CDT
Virginia Heritage Bank (OTCBB:VGBK), a commercial bank, revealed on Monday that Alan G. Drewer joined as its chief real estate lending officer and will report to chairman and chief executive officer, David Summers.
Virginia Heritage Bank Hires Alan G. Drewer
Business Wire - Mon Sep 16, 4:55PM CDT
Virginia Heritage Bank (OTCBB: VGBK), recently announced Alan G. Drewer joined their company and will serve as Chief Real Estate Lending Officer. Mr. Drewer will report to David Summers, Chairman and CEO, and be responsible for real estate lending to the local business community with a special emphasis on commercial and residential construction financing. He will work out of their Tysons Corner main office and have a market responsibility within the Washington, DC, metro area.
Freedom Bank names Laura Powell as SVP of Corporate Banking Division
M2 - Thu Aug 08, 3:02AM CDT
Local community bank Freedom Bank of Virginia (Bulletin Board:FDVA.OB) on Wednesday named Laura L Powell as senior vice president (SVP) of Corporate Banking Division, based in its Fairfax office.
Commercial Banker Laura Powell Joins Freedom Bank
Business Wire - Wed Aug 07, 3:00PM CDT
Freedom Bank of Virginia (Bank) (Bulletin Board:FDVA.OB) announced the addition of Laura L. Powell as Senior Vice President, Corporate Banking Division. Ms. Powell will be based in the Fairfax office and joins Freedom Bank from Virginia Heritage Bank, Tysons Corner, Virginia where she was a Real Estate Loan Officer. Prior to Virginia Heritage Bank, Ms. Powell was employed with United Bank as Vice President and Branch Manager of the Bank's Fairfax City office.
Virginia Heritage Bank Announces Earnings for the Second Quarter 2013
Business Wire - Fri Jul 26, 5:00AM CDT
Virginia Heritage Bank (OTCBB: VGBK), announced quarterly earnings of $2.5 million after taxes, or $0.55 per share (basic) and $0.54 per share (diluted), for the period ended June 30, 2013. This is a 29% increase over earnings of $1.9 million after taxes, or $0.44 per share (basic and diluted), from the same period a year ago. On a year-to-date basis, earnings were $4.5 million after taxes, or $1.01 per share (basic) and $0.98 per share (diluted) through June 30, 2013 versus $3.3 million after taxes, or $0.76 per share (basic and diluted) in 2012.
Virginia Heritage Bank's underwriters exercise their over-allotment option for 217,500 common stock
M2 - Thu Jul 04, 6:54AM CDT
A commercial bank, Virginia Heritage Bank (OTCBB:VGBK) stated on Wednesday that the underwriters fully exercised their option and purchased additional 217,500 shares of common stock from it, in the public offering of its 1,450,000 shares of common stock that closed on 21 June 2013.
Virginia Heritage Bank Announces Underwriter's Exercise of Over-Allotment Option
Business Wire - Wed Jul 03, 9:34AM CDT
Virginia Heritage Bank (the "Bank") (OTCBB: VGBK), announced today that in connection with its previously announced underwritten public offering of 1,450,000 shares of its common stock that closed on June 21, 2013, the underwriter exercised in full its option to purchase an additional 217,500 shares of common stock from the Bank. The Bank expects to receive aggregate net proceeds from the sale of the additional shares of approximately $2.9 million after deducting the underwriting discount, bringing the total net proceeds to the Company from the offering to approximately $22.0 million. The Bank expects to use the net proceeds of the offering for general corporate purposes, including the funding of organic loan growth, investment in securities and the potential pursuit of strategic acquisition opportunities.
Virginia Heritage Bank closes public offering
M2 - Mon Jun 24, 10:27AM CDT
A commercial bank, Virginia Heritage Bank (OTCBB:VGBK) closed its underwritten public offering of 1,450,000 shares of common stock at a price of USD14.25 per share, it stated on Friday.
Virginia Heritage Bank Announces Closing of Common Stock Offering
Business Wire - Fri Jun 21, 2:19PM CDT
Virginia Heritage Bank (OTCBB: VGBK), announced today the closing of its underwritten public offering of 1,450,000 shares of its common stock at a price to the public of $14.25 per share, for aggregate gross proceeds of approximately $20.7 million. The net proceeds to the Bank after deducting the underwriting discount and estimated offering expenses are expected to be approximately $19.1 million. The Bank expects to use the net proceeds of the offering for general corporate purposes, including the funding of organic loan growth, investment in securities and the potential pursuit of strategic acquisition opportunities.
Virginia Heritage Bank Announces Pricing of Common Stock Offering
Business Wire - Wed Jun 19, 5:00AM CDT
Virginia Heritage Bank (OTCBB: VGBK) announced today that it has priced its underwritten public offering of 1,450,000 shares of its common stock at a price to the public of $14.25 per share, for gross proceeds of $20.7 million. The net proceeds to the Bank after deducting the underwriting discount and estimated offering expenses are expected to be approximately $19.1 million. The Bank expects to use the net proceeds of the offering for general corporate purposes, including the funding of organic loan growth, investment in securities and the potential pursuit of strategic acquisition opportunities.
Virginia Heritage Bank commences public offering of USD1.5m common stock
M2 - Thu Jun 06, 5:38AM CDT
Virginia Heritage Bank (OTCQB:VGBK), a commercial bank, began a public offering of 1,450,000 shares of its common stock through a firm commitment underwriting, it said on Wednesday.
Virginia Heritage Bank Announces Commencement of Common Stock Offering
Business Wire - Wed Jun 05, 3:00PM CDT
Virginia Heritage Bank (OTCQB: VGBK), announced today that it has commenced a public offering of 1,450,000 shares of its common stock through a firm commitment underwriting. Sandler O'Neill + Partners, L.P. will be the sole underwriter for the offering. The Bank intends to grant the underwriter an option to purchase up to an additional 15% of the common stock sold to cover over-allotments, if any.
Virginia Heritage Bank Sponsors the 2nd Annual Chantilly Day Event
PRWeb - Thu May 09, 12:18PM CDT
Virginia Heritage Bank, along with their Mortgage division, had two tables at the event and enjoyed talking with people from around the community about products and services. Fun VHB giveaways included backscratchers, a crowd favorite.
Virginia Heritage Bank Sponsors and Attends LAWS Casino for A Cause
PRWeb - Tue Apr 30, 3:35PM CDT
David Summers, CEO of Virginia Heritage Bank, along with bank colleagues, friends, and customers represented VHB by filling a table of eight and enjoying a night filled with casino games, auctions and prizes. The fundraiser provided insight for what the LAWS staff and volunteers have accomplished in the Loudoun County area and how the community can help. Loudoun Abused Women's Shelter (LAWS) - http://lcsj.org/, also known as Loudoun Citizens for Social Justice, is a private nonprofit in Loudoun County, Virginia. LAWS seeks to empower survivors of interpersonal violence so that they may live lives free from fear, anxiety, and danger. Casino for a Cause proceeds go towards providing shelter, counseling, advocacy, and legal assistance to women and children who are victims of domestic violence, sexual assault, and child abuse. Virginia Heritage Bank, headquartered in Tysons Corner, with total assets of $804 million, serves Northern Virginia and surrounding communities with branches in Chantilly, Dulles Town
Virginia Heritage Bank Announces Results for the First Quarter 2013
Business Wire - Fri Apr 26, 5:00AM CDT
Virginia Heritage Bank (OTCQB: VGBK), reported net income after taxes of $2.0 million in the first quarter of 2013, compared to $1.4 million for the same period in 2012. The increase in net income for the quarter ended March 31, 2013 was due primarily to an increase in net interest income and, to a lesser extent, an increase in noninterest income. Net interest income increased $1.3 million due primarily to strong balance sheet growth. Noninterest income, which consisted primarily of gains on sales of originated mortgage loans and securities, increased $709 thousand as a result of increased sales volume. Noninterest expense increased $1.4 million in the first quarter of 2013 compared to the prior year quarter. This increase was primarily due to increased personnel expenses. Net income available to common shareholders was $0.46 per share for the first quarter of 2013 (basic) and $0.45 per share (diluted), compared to $0
Virginia Heritage Bank Attends the 8th Annual Veteran's in Business Conference
PRWeb - Thu Mar 28, 12:05PM CDT
Bank representatives, Blair Horne and Pam Phillips, worked a table at the event and joined attendees in listening to keynote speakers: Congressman Gerry Connolly; Andre Gudger, Director of the Office of Small Business Programs, Office of the Under Secretary of Defense; Bridget Bean, Director at the Washington District Office; and US SBA Delegate, Richard Anderson. In between speakers, there were a number of workshops where attendees could "Ask the Experts" questions and network with other businesses.
Virginia Heritage Bank Is Exhibitor in U.S. DOT Small Business Day
PRWeb - Fri Feb 15, 12:03PM CST
VHB representatives, Blair Horne and Pam Phillips, were in attendance and had a Virginia Heritage Bank booth at the U.S. DOT Small Business Day: MAPing Your Small Business Opportunities with DOT, hosted by the U.S. DOT Office of Small and Disadvantaged Business Utilization (OSDBU) - http://www.osdbu.dot.gov/. Secretary LaHood and key DOT leadership provided an overview of the recently approved Moving Ahead for Progress (MAP 21) bill, and the potential opportunities that it brings to the small business community. The event also focused on providing information on the latest DOT Small Business initiatives, and gave event attendees an opportunity to network with Federal Agencies, State and Local transportation representatives, and prime contractors.
Virginia Heritage Bank Announces Record Results for the Fourth Quarter and Year Ended 2012
Business Wire - Fri Jan 25, 5:00AM CST
Virginia Heritage Bank (OTCQB: VGBK), reported net income after taxes of $1.8 million in the fourth quarter of 2012, compared to $1.7 million for the same period in 2011. The increase in net income for the quarter ended December 31, 2012 was due primarily to an increase in non-interest income and, to a lesser extent, an increase in net interest income. Non-interest income, which consisted primarily of gains on sales of originated mortgage loans and securities, increased $2.3 million as a result of increased sales volume. Non-interest expense increased $3.4 million in the 4th quarter of 2012 compared to the prior year quarter was due primarily to expenses relating to the aforementioned mortgage origination activity ($1.4 million) and the one-time charge of approximately $1.0 million representing the settlement of a claim by the U.S. Bankruptcy Trustee for a former loan customer of the Bank. The Bank vigorously defended
